Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

Our View

Biography

Ben Funnell joined GLG in May 2006 from Morgan Stanley, where he was a Managing Director and co-head of European Equity Strategy. His work focussed on market and sector selection using a disciplined fundamental approach. In his 8 years as a strategist his team was ranked first in the Institutional Investor poll six times and ranked first in every major poll in the last two years. Prior to working on Strategy Ben was a Transport Analyst at Morgan Stanley, where he worked on the IPO of Ryanair.

Fund Objective The Fund seeks long term capital growth through investing principally in a range of investment funds which are operated, managed or advised by GLG Partners Investment Funds Limited or any of its associates. It may also invest in exchange traded funds.

Key Statistics

Fund Status

Fund Type

OEIC

ISIN

GB00B87M3166

12-Month NAV High

£1.45

12-Month NAV Low

£1.21

Fund Comparative Index

-

Morningstar CategoryTM

GBP Aggressive Allocation

Dividend Frequency

Twice Yearly

Historic Yield

0.95%

Transactional Charges

Fund Manager's Buy Charge

Fund Manager's Sell Charge

Annual Charges

Ongoing Fund Charges

0.90%

Rebate

0.00%

Our Service Fee*

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Total Costs

0.90%

Ongoing Fund Charges

0.90%

Our Service Fee*

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Total Cost

0.90%

* Please note that our service fee is typically 0.35%. If you have more than £250,000 invested with Fidelity Personal Investing across all of your accounts, the fee drops to 0.20%. In addition, there will be no service fee applied to any assets held in excess of £1 million. From December 2015, if you hold less than £7,500 with Fidelity Personal Investing we will charge you the service fee at a flat rate of £45 a year and this drops down to £25 for Junior ISAs and Junior SIPPs.

* Please note that our service fee is typically 0.35%. If you have more than £250,000 invested with Fidelity Personal Investing across all of your accounts, the fee drops to 0.20%. In addition, there will be no service fee applied to any assets held in excess of £1 million. From December 2015, if you hold less than £7,500 with Fidelity Personal Investing we will charge you the service fee at a flat rate of £45 a year and this drops down to £25 for Junior ISAs and Junior SIPPs.

Morningstar ratings

as of
31/10/2016

Overall

3 Years

5 Years

10 Years

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000

as of
08/12/2016

Past Performance (%)

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

Important information

Fidelity Personal Investing does not give advice based on personal circumstances so you are responsible for deciding whether an investment is suitable for you. In doing so, please remember that past performance is not necessarily a guide to future performance, the performance of funds is not guaranteed and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. Before investing into a fund, please read the relevant Key Investor Information Document (KIID) and/or the Fund Specific Information (FSI) and ‘Doing Business with Fidelity’, a document that incorporates our Client Terms. If you are investing via the Fidelity SIPP you should also read the Fidelity SIPP Key Features document incorporating the Fidelity SIPP Terms and Conditions. You should regularly review your investment objectives and choices and if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser.